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BEIJING (AP) — China’s national congress is wrapping up its annual session Monday with the usual show of near-unanimous support for plans designed to carry out ruling Communist Party leader Xi Jinping's vision for the nation. This year's weeklong event, replete with meetings carefully scripted to allow no surprises, has highlighted how China’s politics have become ever more calibrated to elevate Xi. A key item due to be put for a ritual vote on Monday are revisions of the “Organic Law of the State Council,” China's version of a cabinet, that direct it to follow Xi's vision. The Organic Law of the State Council is being revised for the first time since it was adopted in 1982. The revision calls for the State Council, above all, to “uphold the leadership of the Communist Party of China."

Persons: Xi, —, Li Qiang, ” Neil Thomas, ” Thomas, Wang Yi, Qin Gang, Mao Zedong, ” Organizations: BEIJING, —, Communist Party, State Council, Asia Society Policy Institute, Communist Party of China Locations: China, China's, U.S

☆ 6 Chinese people demanded that a British pianist remove their faces from his public live stream. The ensuing fight has gone viral.
▼ + stars: | 2024-01-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Read previewA confrontation between a group of Chinese people and a pianist in a London train station has gone viral on YouTube. "We are here filming for Chinese TV, did you film all of us in your cameras?" Business Insider could not immediately verify her claim that she works for Chinese TV. The other officer told Kavanagh to stop filming and that he was "not allowed to put this on your YouTube channel because this is a police matter." Later, the officer who told Kavanagh to shut down his live stream returned.

Persons: —, Brendan Kavanagh, Kavanagh, YouTube Kavanagh, We're, we're, Kavanagh's cameraperson, YouTuber Organizations: Service, YouTube, Business, Pancras International, Police, St, Communist, British Transport Police, Embassy, Google Locations: London, St, People's Republic of China, Communist China, Weibo, China

☆ Ukraine's 'Blackjack' hackers breached 500 Russian military sites and caused chaos, says military intelligence
▼ + stars: | 2024-01-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Ukrainian hacking group "Blackjack" successfully targeted Russian military sites. Over 500 Russian military sites had their data breached, said Ukraine intelligence. Advertisement"Blackjack," a Ukrainian group of hackers with alleged ties to the country's main spy agency, stole construction plans for over 500 Russian military sites, Newsweek reports. Ukraine's military intelligence agency confirmed the successful operation, the Defence Intelligence of Ukraine (GUR), on Friday. The harvested data includes detailed maps of more than 500 Russian military bases across Russian and Russian-occupied Ukraine territories.

Persons: —, Blackjack, GUR, Vladimir Putin's, Suspilne, Sinéad Baker Organizations: intel, Russian Army, Service, Newsweek, Security Service of Ukraine, Defence Intelligence, Russia's Ministry of Defence, Security and Defense Forces of Ukraine, Euromaidan Press, Business Locations: Russian, Ukraine, Ukrainian, Moscow, Russia

☆ Private jets of Russian oligarchs keep flying but not to Europe
▼ + stars: | 2023-11-09 | by ( Gleb Stolyarov | ) www.reuters.com time to read: +7 min

A view shows the Boeing 737-700 BBJ (plane number RA-73890) private aircraft on the tarmac of the Pulkovo International Airport in Saint Petersburg, Russia, June 14, 2023. The Boeing linked to Yevtushenkov was among at least 50 private jets re-registered under the Russian flag since the February 2022 invasion, according to previously unreported national aircraft registry data up to early August reviewed by Reuters. Several of the repatriated private jets were associated with prominent politicians and business figures, according to two senior Russian aviation industry sources, who were not authorised to speak to the media and spoke on condition of anonymity. Because of sanctions, Russian planes are prohibited from entering the 27-country European Union, where Russia's oligarchs previously flew frequently for business and leisure and where many private jets linked to them were registered before the war, tail numbers show. VEB, Uralkali and Mazepin did not respond to requests for comment on the registration of the jets in Russia.

Persons: Luba, Vladimir Yevtushenkov, Yevtushenkov, Vladimir Putin, Dmitry Mazepin, Putin, Igor Shuvalov, Mazepin, Gleb Stolyarov, Mike Collett, White, Frank Jack Daniel Our Organizations: Boeing, Pulkovo, REUTERS, Soviet, Reuters, Sistema, Ministry, Transport, JETS, Russian, Union, Bombardier Challenger, Uralkali, Bombardier, VEB.RF, VEB, EU, United Arab, Thomson Locations: Saint Petersburg, Russia, Riviera, Belarus, oligarch, Ukraine, Turkey, Dubai, China, Russian, Maldives, Seychelles, Kyrgyzstan, Kazakhstan, Yevtushenkov, United Kingdom, Aruba, of, Uralkali, UAE, Prague, Bishkek, States, Germany, Luxembourg, Switzerland, Croatia, Czech Republic, France, Italy, United Arab Emirates, Latvia, Britain, Oman, Soviet

☆ Ukraine's new defense minister says he wants to rebuild the country's military industrial complex
▼ + stars: | 2023-09-23 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

Ukraine's new defense minister says the country is focusing on increasing local arms production. In the meantime, the US has announced another boost to artillery shell production to aid Ukraine. Now, two weeks into the job, Umerov said one of his top priorities is to rebuild Ukraine's cache of ammunition by ramping up local production, using local manufacturers whenever possible, The Economist reported. Umerov said he plans to boost local production by reforming state enterprises and incentivizing private arms manufacturers, which make up between 20% and 30% of local production, according to The Economist. Under Umerov, those private manufacturers could eventually account for as much as 80% of local output within five years, Oleksandr Kamyshin, Ukraine's minister of strategic industries, told the outlet.

Persons: Rustem Umerov, Umerov, Bill LaPlante, Oleksandr Kamyshin Organizations: US, Service Locations: Ukraine, Wall, Silicon, Russia

☆ China's iPhone ban has office workers worried their own bosses will start getting ideas and banning all Apple devices too for no good reason
▼ + stars: | 2023-09-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

A recent iPhone ban among Chinese state companies has office workers worried they may be next. While a blanket ban is not announced, some say their bosses already want them to stop using iPhones. Advertisement Advertisement Watch: The US won't let Huawei, China's biggest smartphone maker, enter the US marketMany aired their woes on Weibo, China's version of Twitter, which reveals if the poster is an iPhone user. Changing to a new one is such a waste," another iPhone user posted on Thursday. Another iPhone user said they'd queued to reserve a brand-new iPhone for work over the weekend.

Persons: It's, it's, they'd queued, Sister Ka Organizations: Service, Bloomberg, Street Journal, Huawei, China's, Twitter, Apple, Employers, Tech, Nikkei Locations: Wall, Silicon, China, Weibo, Guangdong, Hong Kong

☆ The Real Problem With China’s Economy: Xi Jinping’s Government - The New York Times
▼ + stars: | 2023-08-26 | by ( Eswar Prasad | ) www.nytimes.com time to read: +2 min

The numbers portray a stalling economy, but there is a far more profound concern. Chinese consumers and businesses are losing confidence that their government has the ability to recognize and fix the economy’s deep-seated problems. If President Xi Jinping’s government doesn’t tackle this fundamental issue, any other measures will have little impact in arresting the downward spiral. This confidence problem is apparent in the tepid private investment and weak household consumption over the past year. The worrying cognitive dissonance between the government and entrepreneurs became apparent during a recent trip I took to China.

Persons: Xi Organizations: Chinese Communist Party, Technology, Ant, Entrepreneurs Locations: China, United States, Beijing

General Abdourahmane Tiani, who was declared as the new head of state of Niger by leaders of a coup, arrives to meet with ministers in Niamey, Niger July 28, 2023. REUTERS/Balima Boureima/File PhotoDAKAR, Aug 8 (Reuters) - Niger's regional and Western allies have announced a series of sanctions against the country following the July 26 coup. These sanctions have been imposed on Niger since the coup:WEST AFRICA REGIONAL BLOCThe Economic Community of West African States (ECOWAS) and the West African Monetary and Economic Union have imposed some of the most stringent sanctions on Niger so far since the coup. NETHERLANDSThe Dutch government, which was supporting development and security programmes in Niger, temporarily suspended its direct cooperation with the government following the coup. WORLD BANKThe World Bank suspended disbursements until further notice, except for private-sector partnerships which it said will continue with caution.

Persons: Abdourahmane Tiani, Balima, Bate Felix, Anait, Daphne Psaledakis, Gabriela Baczynska, Juliette Jabkhiro, Nick Macfie, Angus MacSwan Organizations: REUTERS, WEST AFRICA REGIONAL BLOC, Economic, West African States, ECOWAS, West, Monetary and Economic Union, Ivory, European Union, STATES, ., CANADA Canada, World Bank, Bank, Thomson Locations: Niger, Niamey, DAKAR, Nigeria, Ivory Coast, West Africa's, FRANCE France, France, Mali, Burkina Faso, NETHERLANDS, Dutch, United States, U.S, Africa, Washington, Brussels, Paris

DAKAR, July 31 (Reuters) - Niger's regional and Western partners have announced a series of sanctions against the country following last week's coup. Another 978.47 billion francs was supposed to come from project grants and loans from external partners. These sanctions have been imposed on Niger since the coup:WEST AFRICA REGIONAL BLOCThe Economic Community of West African States and the West African Monetary and Economic Union have imposed some of the most stringent sanctions on Niger so far since the coup. Niger had planned to raise 490 billion CFA francs ($834 million) from the regional debt market in 2023. FRANCEFrance, another major partner of its former colony, suspended development aid and budget support with immediate effect, demanding a prompt return to constitutional order.

Persons: Daphne Psaledakis, Gabriela Baczynska, Juliette Jabkhiro, Nick Macfie Organizations: WEST AFRICA REGIONAL BLOC, Economic, West, Monetary and Economic Union, European Union, UNITED STATES, ., Thomson Locations: DAKAR, Niger, West African States, FRANCE France, France, Mali, Burkina Faso, United States, Washington, Brussels, Paris

WHO IS HARLAN CROW? Crow, 74, is the chairman and former CEO of Crow Holdings, a Texas-based family real estate firm established to manage the capital of the Trammell Crow family. While his net worth is unclear, Crow Holdings had $19.6 billion in assets under management in 2020. Harlan Crow was pivotal in restructuring the company’s debt in the 1980s, saving it from bankruptcy, according to media reports. HARLAN CROW'S POLITICAL LEANINGSCrow has a history of donating to conservative causes.

☆ Analysis: U.S. bank loan plan provides Fed rate hike path amid SVB fallout
▼ + stars: | 2023-03-14 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Banks can use eligible government securities on their books like Treasuries and agency mortgage backed-debt to guarantee the loans. By comparison, a one-year loan from a Federal Home Loan Bank, a government state enterprise that provides low-cost lending to regional banks, is around 5.4%, according to market participants. In essence, the bank lending program will allow the Fed to keep raising rates." U.S. banks had raised their holdings of government securities during periods of ultra-low interest rates to defend falling interest net margins. Major banks led by Goldman Sachs (GS.N) and Barclays Bank (BARC.L) have called for a pause from the Fed next week.

☆ Gulf states have given billions in aid to Egypt. Now they want to see returns
▼ + stars: | 2023-03-01 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

He was referring to the tens of billions of dollars in bailouts his country has received from the wealthy Gulf monarchies over the past decade. Many of those assets have long been under the control of Egypt’s military, an economic behemoth and the backbone of Sisi’s power. This time, however, Gulf Arab allies – especially Saudi Arabia and the United Arab Emirates – want to see returns. Last year alone, Gulf states pledged $22 billion to Egypt as it faced an economic crisis caused partly by the fallout from the Ukraine war, Reuters reported. Analysts say that Egypt was pushed by Gulf states to accept the IMF’s conditions, especially those on privatization.

☆ China’s demographic decline can be boon, not doom
▼ + stars: | 2023-01-18 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

Yet China’s demographic doom is not certain. It is hard to boost birth rates, but France and Scandinavia show it can be done. If last year’s population plunge inspires Beijing to smarten up policy, demographic stress need not augur economic decline. The birth rate was 6.77 per 1,000 people, down from 7.52 in 2021 and marking the lowest such reading on record. United Nations analysts project China's population will shrink by 109 million by 2050, more than triple the rate of their previous forecast in 2019.

☆ Petrobras CEO prospect pitches an expansive vision for oil giant
▼ + stars: | 2022-12-15 | by ( Sabrina Valle | ) www.reuters.com time to read: +3 min

Magda Chambriard, a former Brazil oil regulator, also said she does not support taking back divested oil refineries and other assets or using Petrobras' profits to subsidize consumer fuel prices. Lula, who spent time in jail over a Petrobras corruption scandal, campaigned on abandoning further privatization of Petrobras, and on investing in diversification. Petrobras has sold oil refineries, retail gas stations, power plants and gas pipelines to pay debt and boost its shareholder payouts. Like Lula, she believes the way to guarantee Petrobras' future in a world determined to cut planet-warming emissions should include developing less carbon-intensive fuels, such as natural gas. Some of the dividends Petrobras distributed this year should be redirected to energy production, including exploration of new oil and gas fields, she said.

☆ Analysis: As economy stutters, China's youth seek safety of civil service
▼ + stars: | 2022-12-01 | by ( Eduardo Baptista | ) www.reuters.com time to read: +6 min

The wishes of Lau's parents that she had a "safe" civil service career suddenly made more sense. Alicia Garcia-Herrero, chief economist for Asia Pacific at Natixis, says the preference for civil servant jobs has surged. On social media, young Chinese refer to the civil service as "the end of the universe," meaning the safest place around in such an environment. "Being a civil servant gives you a lot of stability," she said. “The present state of the job market has definitely increased my desire to become a civil servant," she said.

☆ China investors desperately seek market bottom
▼ + stars: | 2022-11-02 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 2 (Reuters Breakingviews) - Tuesday’s rally in China shares may have been based on rumour. But in offshore markets, the value discount on offer is so extreme it makes gambling on false hopes less risky than it might otherwise be. Buying based on online scuttlebutt might seem reckless, but less so considering how beaten up offshore shares in some Chinese companies are. The average constituent of the S&P 500 (.SP500) trades at 15 times its estimated forward earnings, while the Hang Seng China Enterprises Index (.HSCE) ratio is 5 times, Datastream shows. The question, though, is at what point investors see value in beleaguered Chinese technology companies and real estate developers.

☆ BreakingViews: Xi’s contract with China needs more signatures
▼ + stars: | 2022-10-23 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, Oct 23 (Reuters Breakingviews) - Xi Jinping has effectively secured a third presidential term at the just-concluded Chinese Communist Party conclave. His prize: a $16 trillion economy in a vulnerable state, dependent on American technology and facing a demographic crisis. China’s so-called chairman of everything has the power to relieve his people, but it’s unclear whether he has the will. The focus on weaning China from foreign software and semiconductors entails a vast duplication of effort. Follow @petesweeneypro on TwitterloadingCONTEXT NEWSChina’s Communist Party has elected President Xi Jinping as general secretary on Oct. 23, his third five-year term, according to Chinese state media.

☆ Russia says U.S. blocked its participation in nuclear conference
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

A view shows a board with the logo of Russian state nuclear agency Rosatom at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Anton VaganovSummarySummary Companies This content was produced in Russia, where the law restricts coverage of Russian military operations in UkraineMOSCOW, Oct 21 (Reuters) - The Russian state nuclear corporation Rosatom said on Friday that the United States had effectively blocked Russia's participation in a nuclear energy conference in Washington by failing to issue entry visas. Relations between the United States and Russia have sunk to their lowest level since the depths of the Cold War after Moscow sent its armed forces troops into Ukraine in February. "The American side has effectively blocked Russia's participation in this international IAEA conference, which it undertook to hold in the United States." The corporation plays a large role in the global nuclear industry and, unlike many Russian state enterprises, has not been subjected to Western sanctions over the conflict in Ukraine.

☆ Hidden Monopoly, Offshore Money and a Clash of Interests in the Giurgiulești Port
▼ + stars: | 2020-03-02 | by ( Nemerenco Daniela | ) www.zdg.md time to read: +29 min

ZdG debunked the hidden monopoly, an offshore company, and business interests, including those of a deputy of Moldova’s Parliament, in the Giurgiulești Passengers and Goods Port, operated by the Ungheni River Port. The State Enterprise Ungheni River Port operates the Giurgiulești Passengers and Goods Port. Any attempts by other economic agents to obtain the status of port agency in the state-controlled port failed. How the state enterprise explains the monopoly in the port We went to the Ungheni company headquarters to discuss with the administration of the Ungheni River Port. A conversation between the tugboat owner and the Ungheni River Port administration The tugboat stations within the state-owned port since June 2018.

Persons: ZdG, ”, Moldova’s, Molincom, Medvedev, Daniil Șevcenco, “, didn’t, Vladimir Medvedev, Gheorghe Țurcanu, Veaceslav Ioniță, Igor Macari, Denis Dobrioglo, Leonid Karagheaur, Sergei Raevski, Țurcanu, Pîrlog, Ruslan Baciu, Iurie, Marcelian Pîrlog, Anatolie Balan, Alexandru Maximov, Condaline, Marcelian, Nicolae Dimitrachi, Translogist Sistem, Baciu, Translogist, Sergiu Gheceanu, ” ZdG, Marina Polasek, Reni, ” Medvedev, Anatolie, ” Vladimir Medvedev, Ion Chicu, Anatol Usatîi, Ludmila Guzun, Anatolie Labuneț, Igor Zaharia, Labuneț, Carolina Lipskaia, Oleg Lipskii’s, Evghenii Labuneț, Veaceslav Macaidenco, ” Labuneț, Zaharia, Mr Medvedev, Chicu, “ Mr Medvedev, slandering, Preluarea, maximă, trebuie, Instituțiile, Materialele, inclusiv Organizations: Goods, National Anticorruption Center, Port, Moldova’s Government, Logistics, State Enterprise, Naval Agency, Customs Service, Mr, Agro Factor, United Arab, UAE, Agro, United, Public Property Agency, ILM Logistic, Port Agency Service, Register, DB Translogist, Translogist, Ministry, Socialist, Security and Intelligence Service, Economy, Infrastructure, Democratic Party, Medvedev, Moldova’s Socialist Party, “, Navigation Company, Marine Engineering, Socialist Party, Anticorruption Center, Naval Agency of, National Anticorruption, Naval, Moldova’s Naval Agency, Jurnalistului din Republica Moldova Locations: Port, “, Dubai, United Arab Emirates, Russian, Zurich, Switzerland, Moldova, United Kingdom, Chișinău, Moldova’s, Consideea, Ciocana, Translogist, Condaline, Ungheni, Canada, PPMG, Naval Agency of Moldova, Jurnalistului din

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